Coverage Deficiency. If any Coverage Deficiency exists, Company shall as soon as practicable after obtaining knowledge thereof give notice thereof to Administrative Agent and shall within thirty (30) days after obtaining knowledge thereof cure such Coverage Deficiency, either by furnishing and mortgaging additional engineered producing oil and gas w▇▇▇▇ satisfactory to Required Holders in order to increase Modified NPV10 or by making payments in order to reduce its Indebtedness.
Appears in 2 contracts
Sources: Note Purchase Agreement (Penn Octane Corp), Note Purchase Agreement (Rio Vista Energy Partners Lp)